SB 873 — STATE FINANCE ACT-TECH

093_SB0873SB873 Engrossed LRB093 02815 RCE 02831 b AN ACT inconcerning relationtaxes. to State finance.

The State Finance Act is amended by changingadding SectionSections 1.15.595 and 6z-59 as follows:

(30 ILCS 105/1.1)105/5.595 (fromnew) Ch._e_____________________e_____________ (30 ILCS 105/6z-59 new) _e_____________________c________________________c___________ _____S_____________________a______________________o_____________ _____0_____________________v______________________,_____________ _______S___________________o______________________r_____________ _____f_____________________a______________________s_____________ _____i_____________________t______________________r_____________ _____n______________________C_____________________p_____________ _____p_____________________r______________________T_____________ _____n_____________________e______________________p_____________ _____o_____________________l______________________h_____________ _____i_____________________s______________________o_____________ _____r_____________________h_______________________c____________ _____C_____________________b______________________e_____________ _____d_____________________i______________________o_____________ _____y_____________________a______________________a_____________ _____t_____________________l______________________c_____________ _____o_____________________e______________________n_____________ _______p___________________a______________________r_____________ _____u_____________________a_______________________c____________ _____l_____________________m______________________i_____________ _____r_____________________e______________________a_____________ _____f______________________b______________________T____________ SB873 Engrossed -2- LRB093 02815 RCE 02831 b _____t_____________________h______________________t_____________ _____l______________________m_____________________r_____________ _____b_____________________o_______________________t____________ _____r_______________________2____________________e_____________ _____p_____________________h______________________i_____________ _____o_____________________d______________________s_____________ _____f_____________________f______________________o_____________ _____t_____________________o______________________e_____________ _____e_______________________i____________________o_____________ _____u_____________________r______________________e_____________ _____e_____________________a______________________t_____________ ______o____________________f_______________________p____________ _____s_____________________t______________________e_____________ _____f_____________________b______________________n_____________ _____d_____________________l______________________l__________ Section 10.

127,The par.Property Tax Code is amended by changing Section 15-55 as follows:

137.1)(35 ILCS 200/15-55) Sec.

1.1.15-55.

___________._State Thisproperty. Act -----------o-------- may be cited as the "-State Finance Act"-.

All property belonging to the State of Illinois is exempt.

However, the State agency holding title shall file the certificate of ownership and use required by Section 15-10, together with a copy of any written lease or agreement, in effect on March 30 of the assessment year, concerning parcels of 1 acre or more, or an explanation of the terms of any oral agreement under which the property is leased, subleased or rented.

The leased property shall be assessed to the lessee and the taxes thereon extended and billed to the lessee, and collected in the same manner as for property which is not exempt.

The lessee shall be liable for the taxes and no lien shall attach to the property of the State.

For the purposes of this Section, the word "leases" SB873 Engrossed -3- LRB093 02815 RCE 02831 b includes licenses, franchises, operating agreements and other arrangements under which private individuals, associations or corporations are granted the right to use property of the Illinois State Toll Highway Authority and includes all property of the Authority used by others without regard to the size of the leased parcel.

However, all property of every kind belonging to the State of Illinois, which is or may hereafter be leased to the Illinois Prairie Path Corporation, shall be exempt from all assessments, taxation or collection, despite the making of any such lease, if it is used for:

(a) conservation, nature trail or any other charitable, scientific, educational or recreational purposes with public benefit, including the preserving and aiding in the preservation of natural areas, objects, flora, fauna or biotic communities;

(b) the establishment of footpaths, trails and other protected areas;

(c) the conservation of the proper use of natural resources or the promotion of the study of plant and animal communities and of other phases of ecology, natural history and conservation;

(d) the promotion of education in the fields of nature, preservation and conservation;

or (e) similar public recreational activities conducted by the Illinois Prairie Path Corporation.

No lien shall attach to the property of the State.

No tax liability shall become the obligation of or be enforceable against Illinois Prairie Path Corporation.

_o______________________e______________________p____________ _____C_____________________t______________________h_____________ _____o_____________________y______________________r_____________ ______n____________________e______________________d_____________ _______t____________________o_____________________o_____________ SB873 Engrossed -4- LRB093 02815 RCE 02831 b ______h____________________n_______________________C____________ _____r_____________________b______________________e_____________ _____a_____________________n______________________s_____________ _____f_____________________e______________________o_____________ _____t_____________________o______________________o_____________ _____r_____________________a______________________i_____________ _____h_____________________r______________________v_____________ _____f_____________________e______________________n_____________ _____e_____________________e______________________o_____________ _____a_____________________l_______________________p____________ _____s_____________________e______________________a_____________ _____W_____________________r______________________o_____________ _____e_____________________r________________________a___________ _____a_______________________i____________________o_____________ _____i_____________________o______________________p_____________ _______T___________________T______________________t_____________ _____t_____________________t______________________x_____________ _____e_____________________u______________________n_____________ ______S____________________o______________________C_____________ _____n_____________________t______________________0_____________ ______o_____________________o_____________________f_____________ _____e_____________________t______________________s_____________ _____a_____________________e______________________e_____________ _____p______________________c_____________________i_____________ _____d_____________________e______________________f_____________ _____l_____________________l______________________f_____________ _______b___________________m_______________________i____________ _____s_____________________t______________________o_____________ ______i____________________t______________________p_____________ _____c_____________________e______________________o_____________ _____c___ Public Act 81-1026 applies to all leases or agreements entered into or renewed on or after September 24, 1979.

86-109.)86-413;

88-455.) SB873 Engrossed -5- LRB093 02815 RCE 02831 b Section 99.

Effective date.

This Act takes effect upon becoming law.